Macguire Cheswick & Tuttle Investment Counsel LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,004 shares of the enterprise software provider’s stock after selling 4,000 shares during the quarter. Oracle makes up 1.4% of Macguire Cheswick & Tuttle Investment Counsel LLC’s investment portfolio, making the stock its 29th biggest holding. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in Oracle were worth $7,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Oracle by 2.6% during the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock worth $10,350,996,000 after purchasing an additional 5,270,359 shares during the last quarter. BlackRock Inc. boosted its holdings in Oracle by 2.5% in the second quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock valued at $9,716,707,000 after acquiring an additional 4,678,977 shares during the last quarter. Harris Associates L P boosted its holdings in Oracle by 17.9% in the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock valued at $2,456,319,000 after acquiring an additional 7,427,501 shares during the last quarter. Northern Trust Corp boosted its holdings in Oracle by 4.6% in the second quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock valued at $2,110,799,000 after acquiring an additional 1,835,835 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Oracle by 5.8% during the second quarter. Franklin Resources Inc. now owns 40,206,990 shares of the enterprise software provider’s stock worth $2,015,961,000 after purchasing an additional 2,193,120 shares in the last quarter. Institutional investors and hedge funds own 58.03% of the company’s stock.
Oracle Co. (NYSE:ORCL) traded down $0.26 during midday trading on Wednesday, reaching $52.32. 10,881,941 shares of the company’s stock were exchanged, compared to its average volume of 15,743,622. The company has a market cap of $216,420.00, a P/E ratio of 22.44, a P/E/G ratio of 2.02 and a beta of 1.05. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. Oracle Co. has a 52-week low of $42.64 and a 52-week high of $53.48.
Oracle (NYSE:ORCL) last issued its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. The company had revenue of $9.63 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. research analysts forecast that Oracle Co. will post 2.68 earnings per share for the current fiscal year.
Oracle announced that its board has approved a share buyback plan on Thursday, December 14th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In other Oracle news, insider Thomas Kurian sold 1,700,000 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $50.29, for a total value of $85,493,000.00. Following the completion of the transaction, the insider now directly owns 1,522,983 shares in the company, valued at approximately $76,590,815.07. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $49.66, for a total transaction of $186,225.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,956,250 shares of company stock valued at $98,316,475. 29.00% of the stock is owned by corporate insiders.
Several analysts recently weighed in on ORCL shares. Barclays boosted their price objective on Oracle from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Monday. They noted that the move was a valuation call. OTR Global lowered Oracle to a “positive” rating in a report on Friday, March 9th. Cleveland Research downgraded Oracle from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 20th. Credit Suisse Group restated a “buy” rating and issued a $62.00 target price on shares of Oracle in a research report on Sunday, February 18th. Finally, Vetr cut Oracle from a “buy” rating to a “hold” rating and set a $51.30 price target on the stock. in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. Oracle has an average rating of “Buy” and a consensus price target of $55.76.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.thelincolnianonline.com/2018/03/14/macguire-cheswick-tuttle-investment-counsel-llc-sells-4000-shares-of-oracle-co-orcl.html.
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.